As of March 2018, the Internal Revenue Service released revised Process 2018-18, addressing a variety of changes to tax rates and inflation-adjusted thresholds in accordance with the Trump administration’s Tax Cut and Jobs Act of 2017.
2018 requirements for a qualifying high deductible health plan (HDHP), minimum deductibles and maximum out-of-pockets are unchanged. However, the annual contribution limits for individual and family plans have been raised slightly.
2018 HSA Annual Contribution Limits
- Self-only (single) HDHP coverage contribution limits has raised from $3,400 to $3,450.
- Family HDHP coverage contribution limits has raised from $6,750 to $6,850. This has been reduced from a previously set limit of $6,900 in 2018.
There are special rules and exemptions that may apply. Read the full press release here. If you have any questions about your HDHP coverage or HSA contribution limits, please contact your carrier for more information.